Problem Banc de Binary Mega Scam

[AnneW]

I wish all the rest trying to recover their funds from Banc de Binary the very best of luck. Please in the meantime report this scam to all the authorities because unless we have video and audio recordings like ask2000 did, it would appear that Banc de Binary will not refund you one red cent.

 

[AnneW]

Hi all, please note that I have had a response from Tracey Ludlam as follows:

Hi Anne

Thank you for your patience.

I have reviewed your account and spoken with your last account manager and your new one.

· I can find nothing to show you were deceived you agreed to open the positions provided by TC.

· When trading started with these signals the account went from 10 000 to 70 000, then to 120 000 and then 217 000 and you agreed to continue with the trading.

· When the account went down to approx. 60 000 you continue the next day she asked for more trades to be given, which resulted in her account again reaching up to over 100 000 the following day.

· At any time you can stop trading and withdraw even with a bonus.

As a good will gesture I am happy to discuss a further bonus .

Regards
Tracey

I don't even know what a TC is!!

 

[AnneW]

Hi AnneW, did you manage to speak to Tracy from BDB? Has it been helpful so far?

Tracey Ludlam has finally come back to say that she has reviewed my account and spoken with the last account manager (Edward West) and your new one (the Recovery Manager which Edward West set on to me, I presume - who has not bothered to respond to my request that the put down the Recovery Plan in writing for me to review as I have informed him that I do not intend to deposit another USD$50,000 as Edward West has requested to "recover" the funds stolen and scammed).

Tracey also said that she can find nothing to show that I was deceived and that I agreed to open the positions provided by TC - whatever a TC is, when I had been told by Edward West that I was not to trade without him, and I had only blindly followed his instructions with whatever he told me to do on the other end of the Skype shared screen, having relied on his representation to me as an expert for the past 8 years with Banc de Binary, with the most important representation of all being the 100% guaranteed Apple Event Protected Trade and that has not been answered at all. I asked Tracey about this and she has not replied back yet.

There was also no training provided at any point in time. It was just Edward West screaming over the shared screen on skype at me to put 8000, 7000, 6500, push the button, push the button, push the button! Don't move the screen, don't move the screen - oh your internet is killing us, oh, your PC is killing us! The Banc de Binary system kept crashing and Edward West was blaming it on my laptop (brand new HP laptop) and internet speed (fibre optic cable at home and LAN at the office after office hours). Edward West said that I wasn't clicking fast enough and that the loss is all my fault.

Tracey does not want to look into the entire sequence of events commencing the entire sequence of scamming me out of my hard earned money.

Has anyone else who has been contacted by Banc de Binary been successful in their claim?

 

[Wenryan]

Tracey Ludlam has finally come back to say that she has reviewed my account and spoken with the last account manager (Edward West) and your new one (the Recovery Manager which Edward West set on to me, I presume - who has not bothered to respond to my request that the put down the Recovery Plan in writing for me to review as I have informed him that I do not intend to deposit another USD$50,000 as Edward West has requested to "recover" the funds stolen and scammed).

Tracey also said that she can find nothing to show that I was deceived and that I agreed to open the positions provided by TC - whatever a TC is, when I had been told by Edward West that I was not to trade without him, and I had only blindly followed his instructions with whatever he told me to do on the other end of the Skype shared screen, having relied on his representation to me as an expert for the past 8 years with Banc de Binary, with the most important representation of all being the 100% guaranteed Apple Event Protected Trade and that has not been answered at all. I asked Tracey about this and she has not replied back yet.

There was also no training provided at any point in time. It was just Edward West screaming over the shared screen on skype at me to put 8000, 7000, 6500, push the button, push the button, push the button! Don't move the screen, don't move the screen - oh your internet is killing us, oh, your PC is killing us! The Banc de Binary system kept crashing and Edward West was blaming it on my laptop (brand new HP laptop) and internet speed (fibre optic cable at home and LAN at the office after office hours). Edward West said that I wasn't clicking fast enough and that the loss is all my fault.

Tracey does not want to look into the entire sequence of events commencing the entire sequence of scamming me out of my hard earned money.

Has anyone else who has been contacted by Banc de Binary been successful in their claim?

Hi,

Yes I think you are right. Unlike ask2000, we do not have any video / audio proof of the suspected fraud case. We are definitely at a disadvantage.

I agreed with you, this is a high level white collar fraud to scam away our hard earn money. Right from the beginning when we had started to place deposits into the company. I had placed deposits with other reputable Binary Options company, but non as bad as Banc De Binary.

I had received an email from Banc De Binary yesterday, indicating to me that traders are the one placing the trades & thus have the full responsibility towards the risk. & under the terms & conditions, we had to accept such risks involved.

If we place the trades by our own judgement, & we lose it, we bear our own responsibility. Just like going to casino. I had to live on with it. However, our trades were all placed upon advices of their "experts", with the false re-assurances and beliefs, & without any responsibilities. If these would to continue, I believe there will be more victims coming to FPA day by day!

I am definitely going to write in to Financial Ombudsman complaints@financialombudsman.gov.cy to file complaint. I hope all the victims over here will do the same. I am not so sure how valid our skype history is, but I believe if every victim complain to the authority, & they check on all the skype history, they can sure pick up certain trends of a systematic fraud procedures in the chat.

AnneW, I can feel for you. Same for me. I was "pressed" to use up 4 credit cards and now, living with the credit card debts.

 

[oscarra]

If we place the trades by our own judgement, & we lose it, we bear our own responsibility. Just like going to casino.

On the roulette table you will at least see the zero, double zero, triple zero, in the binary industry
there are unlimited zero’s, over which they have full control ! Your Funds never get involved in any kind of financial markets, everything is virtual.

So, don’t even think about any kind of further recovering trading.

 

[Coldfear]

Thank you for the link, oscarra.

I have actually responded to Nick Turner by email to ask him to put in writing how he can help. I didn't pick up his call and told him that I did not want to speak with him over the phone and wanted everything in writing after what Edward West did to me. Please be assured that I will most certainly not be depositing any further funds with them - all I want now is to recover the entire amount of USD$52,600 and be put back in the same place I was before I encountered these scammers and con artists!

Please Anne do not deposit another dollar there is not such thing recovery department. Maybe I could refer you to someone that is currently working on three of my cases to recover my funds from scam brokers

 

[AnneW]

Please Anne do not deposit another dollar there is not such thing recovery department . Send me an email on johnnancy5456@gmail.com . Maybe I could refer you to someone that is currently working on three of my cases to recover my funds from scam brokers

Hi Coldfear, I will certainly not deposit any more funds with these scammers! I will contact you separately by email this weekend.

 

[AnneW]

Tracey Ludlam has finally come back to say that she has reviewed my account and spoken with the last account manager (Edward West) and your new one (the Recovery Manager which Edward West set on to me, I presume - who has not bothered to respond to my request that the put down the Recovery Plan in writing for me to review as I have informed him that I do not intend to deposit another USD$50,000 as Edward West has requested to "recover" the funds stolen and scammed).

Tracey also said that she can find nothing to show that I was deceived and that I agreed to open the positions provided by TC - whatever a TC is, when I had been told by Edward West that I was not to trade without him, and I had only blindly followed his instructions with whatever he told me to do on the other end of the Skype shared screen, having relied on his representation to me as an expert for the past 8 years with Banc de Binary, with the most important representation of all being the 100% guaranteed Apple Event Protected Trade and that has not been answered at all. I asked Tracey about this and she has not replied back yet.

There was also no training provided at any point in time. It was just Edward West screaming over the shared screen on skype at me to put 8000, 7000, 6500, push the button, push the button, push the button! Don't move the screen, don't move the screen - oh your internet is killing us, oh, your PC is killing us! The Banc de Binary system kept crashing and Edward West was blaming it on my laptop (brand new HP laptop) and internet speed (fibre optic cable at home and LAN at the office after office hours). Edward West said that I wasn't clicking fast enough and that the loss is all my fault.

Tracey does not want to look into the entire sequence of events commencing the entire sequence of scamming me out of my hard earned money.

Has anyone else who has been contacted by Banc de Binary been successful in their claim?

I had asked Tracey to look at reviewing my case again as what Edward West told her about my knowing at all times how my trades were doing is an absolute lie when he never taught me how to trade at all, about risk management etc as is what he was supposed to do on a Platinum Account. None of the services that were supposed to be provided as part of the Platinum Account was provided, let alone the major misrepresentation of the USD$52,600 being used only for the "100% guaranteed Apple Event Protected Trades".

Tracey has come back to say that they will not be refunding any money but as a gestures of "good will" she will look at providing me a bonus! And I'm sure that the "Recovery Manager" will then ask for another USD$50,000 which I don't have to recover the USD$52,600 which I can't even pay off in my credit card debt! Thanks Edward West and Banc de Binary once again for destroying my life. May they all get what they deserve one day in spades when karma gets them for all the lives they have destroyed with not an ounce of compassion or humanity for anyone else except the thought of lining their own pockets!

 

[AnneW]

Hi,

Yes I think you are right. Unlike ask2000, we do not have any video / audio proof of the suspected fraud case. We are definitely at a disadvantage.

I agreed with you, this is a high level white collar fraud to scam away our hard earn money. Right from the beginning when we had started to place deposits into the company. I had placed deposits with other reputable Binary Options company, but non as bad as Banc De Binary.

I had received an email from Banc De Binary yesterday, indicating to me that traders are the one placing the trades & thus have the full responsibility towards the risk. & under the terms & conditions, we had to accept such risks involved.

If we place the trades by our own judgement, & we lose it, we bear our own responsibility. Just like going to casino. I had to live on with it. However, our trades were all placed upon advices of their "experts", with the false re-assurances and beliefs, & without any responsibilities. If these would to continue, I believe there will be more victims coming to FPA day by day!

I am definitely going to write in to Financial Ombudsman complaints@financialombudsman.gov.cy to file complaint. I hope all the victims over here will do the same. I am not so sure how valid our skype history is, but I believe if every victim complain to the authority, & they check on all the skype history, they can sure pick up certain trends of a systematic fraud procedures in the chat.

AnneW, I can feel for you. Same for me. I was "pressed" to use up 4 credit cards and now, living with the credit card debts.

Wenryan, I have also filed a complaint with the Internet Crime Complaint Center (IC3) (http://www.ic3.gov/default.aspx) which is a partnership between the FBI, the National White Collar Crime Center and the Bureau of Justice Assistance, so they can investigate this matter as well. One of the sections to be completed was whether there were other victims for this scam as well and I gave them this forum's website, so they will be able to see how many people have been scammed by these unethical and immoral people. I would however, strongly urge everyone who still has an outstanding claim against Banc de Binary to also go to the IC3 website and file a complain, because the more people who file, the more notice they will take of this scam being perpetrated on us at an institutional level!

 

[AnneW]

I too have basically had the same dealings and stories from Edward west at Blanc de binary from the 7/1/16?till last night 19/1/16. I am from Australia, and I too have used money from my business to deposit into bdb I asked for 45k usd last week to be withdrawn from my account, as I had such a horrible feeling that things were going to go wrong. Again as with AnneW I was told my 90k used would be protected, and that he would not trade unless trades were protected.

I felt constantly pushed and intimidated to make trades that were not explained either before or after trading, and also constantly pushed to keep adding money to my account.

Every time I asked for an explanation about why he chose the trades he did I did not get an answer, I tried to get him to type answer on Skype but it was always " I will call you in 10 mins or an hour. Many times I was up very late at night, but he didn't seem to care that I was over come with tiredness, and I believe he did this deliberately to take advantage of me so I would deposit or trade just to get him to let me go to sleep.

Again the promise of VIP status and trading with top analysts but I never spoke to any other people other than two men who harassed and rushed me into making other deposits. I deposited my money onto my card and then to the bdb account,

I had made it perfectly clear to him that I could not afford to lose the 90k usd and that I needed it with in a couple of weeks to go back into my business for wages etc.

Fast track to last night were he traded all money in account down to 1770. He told me to log out and not watch for fear I would have a heart attack. I watched for a bit and had a super bad feel, he apparently was at home and not at the office, where in the back ground there is always cheering and clapping to make you think people are being successful, I guessing it is for the demise of another to trusting individual who has just had their life ruined.

Of course as AnneW said he had a call from his manager who was not too happy and wanted me to put in 40k usd and they would put in 50 to recover losses. I told him I had no more money, he said he would contact the recovery manager Jack White, who was going to ring me, Edward had said that I would not do the 40 so for me to look through my accounts and find 20k usd, or as close to that as I could, that way we could resume trading straight away to recover everything last night. Again I said I did not have anymore money.

I waited for jack White to call which he did, and he was basically saying I had to put in more money, that my withdrawal application of 45k usd had not been lodged and that I had more in the bonus account than I had deposited. Technically that is where my 90k usd is sitting.

I have been to my bank today but not sure if they can do anything, because I have authorised transactions, and bdb looks like a legitimate entity.

How I wish I had found this forum earlier, but I think they hide these or try to have negative posts etc removed.

As with AnneW I was constantly reassured that my money would be protected, but if I withdrew then the bonus account would not be.

I cannot bring myself to tell my husband as we have worked so hard all of our lives to build our business, and Edward West has basically destroyed me. I didn't sleep or haven't eaten today and have been crying all day.

He is supposed to be getting back to me tonight with a solution, I also managed to catch him out as initially told me that there were offices in Australia, I googled and could not locate, I asked him to give me the address, but never got a straight answer. He was going to let me talk to one of his Australian clients who was 88 and had initially put in 45k and then 400k, that never happened either.

I chatted with the customer service chat line and asked about the Australian office and Stefani said that there wasn't any.

What are our next recourses to try to recover this money. I did sign a bonus protection document for 90k which was emailed to them but Jack White challenged me last night saying " where was it ?" That was after my account had lost 136kusd, I was not in the right frame of mind let alone able to think straight.

I feel so shamed and I have let my family down, being sucked into this vortex, I do not know if they are laundering money for terrorists or what, the only thing I know is that I am devastated beyond belief and do not know what to do next.

stung, I have also filed a complaint with the Internet Crime Complaint Center (IC3) (http://www.ic3.gov/default.aspx) which is a partnership between the FBI, the National White Collar Crime Center and the Bureau of Justice Assistance, so they can investigate this matter as well. One of the sections to be completed was whether there were other victims for this scam as well and I gave them this forum's website, so they will be able to see how many people have been scammed by these unethical and immoral people. I would however, strongly urge everyone who still has an outstanding claim against Banc de Binary to also go to the IC3 website and file a complain, because the more people who file, the more notice they will take of this scam being perpetrated on us at an institutional level! Please go there and lodge a report as well so that we have strength in numbers when reporting about being defrauded of our life savings ...